Elkfork Partners LLC lowered its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 1.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,478 shares of the real estate investment trust’s stock after selling 88 shares during the period. Elkfork Partners LLC’s holdings in DIGITAL RLTY TR/SH were worth $645,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in DLR. Krane Funds Advisors LLC acquired a new position in DIGITAL RLTY TR/SH in the second quarter worth about $25,000. Manchester Financial Inc. acquired a new position in DIGITAL RLTY TR/SH in the second quarter worth about $46,000. Capital Investment Advisory Services LLC raised its position in DIGITAL RLTY TR/SH by 256.4% in the second quarter. Capital Investment Advisory Services LLC now owns 392 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 282 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in DIGITAL RLTY TR/SH in the first quarter worth about $51,000. Finally, Bremer Bank National Association acquired a new position in DIGITAL RLTY TR/SH in the first quarter worth about $56,000.
In other news, Director Kevin Kennedy sold 300 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $125.00, for a total transaction of $37,500.00. Following the sale, the director now directly owns 300 shares of the company’s stock, valued at $37,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by corporate insiders.
Shares of DIGITAL RLTY TR/SH stock opened at $128.85 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $26.60 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 2.77 and a beta of 0.41. DIGITAL RLTY TR/SH has a 1-year low of $100.05 and a 1-year high of $129.57. The firm’s 50-day moving average price is $124.10 and its two-hundred day moving average price is $119.95.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($1.48). DIGITAL RLTY TR/SH had a return on equity of 3.01% and a net margin of 10.00%. The firm had revenue of $801.00 million for the quarter, compared to the consensus estimate of $807.48 million. During the same period in the prior year, the company posted $1.66 earnings per share. DIGITAL RLTY TR/SH’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts predict that DIGITAL RLTY TR/SH will post 6.65 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.32 annualized dividend and a dividend yield of 3.35%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is currently 65.45%.
Several research firms recently issued reports on DLR. Morgan Stanley lowered shares of DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and increased their price target for the stock from $118.00 to $122.00 in a research report on Thursday, September 19th. ValuEngine lowered shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Barclays reissued an “overweight” rating and issued a $147.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Friday, August 30th. Argus began coverage on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 price target for the company. Finally, Guggenheim lowered shares of DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and increased their price target for the stock from $127.00 to $132.00 in a research report on Wednesday, September 11th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. DIGITAL RLTY TR/SH currently has an average rating of “Hold” and an average price target of $127.38.
About DIGITAL RLTY TR/SH
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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